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Intellectual Property agreement reached as the UK heads for the Brexit exit

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A recent announced by the IPO (the UK Intellectual Property Office) as confirmed that the UK has now finalised and ratified an agreement that will make it easier for the owners of intellectual property to register designs in multiple jurisdictions and territories, and for them to take appropriate legal action if required to protect such designs.

The agreement, which is the UK’s independent ratification of the World Intellectual Property Organization’s (WIPO) Hague Agreement, will allow IP owners to register their designs through a single application in 67 countries throughout the world. The UK previously had WIPO ratification through being a member of the EU, but this would expire once after Brexit. The new agreement comes into effect on 13th June 2018.

The IPO’s chief executive Tim Moss said:

The UK’s decision to join the Hague system in our national capacity will give businesses a greater choice in how to protect, manage and register their designs internationally, and save them money. Our membership of this international system may also encourage non-UK owners of designs to register their rights in the UK for basing manufacturing, distribution or licensing of their IP”

The Chartered Institute of Patent Attorneys also commented:

Protection of designs is important for the creative and innovative industries and the increased choice and flexibility available for obtaining that protection will be beneficial to businesses operating internationally”

If you are thinking about taking legal action over an intellectual property or trademark infringement but are worried about the costs involved, Advantage Litigation Services have the skills and expertise to help you find a way of funding commercial litigation without risking your personal finances or those of your business. Click here to contact us today or call 0800 160 1298 to see how we can help.

 

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